News

Press release: Haymarket, the international media group, has filed annual accounts showing a 26 per cent rise in operating profits to £4.3m.

The rise in operating profits is due to the company’s expansion in the US and growth in the UK with Haymarket’s business titles and motoring division. Haymarket’s brands include Campaign, What Car?, PistonHeads, PRWeek, Autocar, ENDS and MIMS.

Just under half (48%) of revenues came from the group’s core divisions – marketing communications, medical and motoring – and “the three Ms” are set to pass 50% in the current financial year to June 2017.

Costello added that the Group’s revenues were well balanced as it has reduced dependence on print and expanded internationally.

Around two-thirds of the business was focused on print and around two-thirds of revenues came from the UK in 2012. Last year, almost half of revenues came from outside the UK, with the US generating almost one third of sales. Print fell to 43% of revenues while digital rose to 35% and FACE (Festivals, Awards, Conferences, Exhibitions) represented 20%. In this financial year, Haymarket has said that digital should overtake print as the single, largest source of revenue.

Costello said the “single, biggest growth driver” for Haymarket has been content solutions – using the strength of editorial titles to create content for brands.

The Peterborough Festival of Antiques, held twice a year at the East of England Arena and Events Centre (EEAEC), has announced that it has been acquired by International Antiques & Collectors Fairs (IACF).